Annual Report 2019

197 ANNUAL REPORT 2019 22. INTERESTS IN ASSOCIATES (CONTINUED) (a) Material associate (continued) SIPG Group 2019 2018 HK$’million HK$’million Reconciliation to the carrying amounts of interests in the associate: Net assets of the associate 102,221 94,955 Less: non-controlling interests (9,758) (7,763) Net assets attributable to equity holders of the associate 92,463 87,192 Proportion of the Group’s interests in the associate 26.77% 26.77% Net assets attributable to the Group’s interests in the associate 24,752 23,341 Goodwill 2,389 2,443 Carrying amount of the Group’s interests in the associate 27,141 25,784 Market value of the listed associate, valued based on the quoted prices in active market for the identical asset directly, and categorised as level 1 of the fair value hierarchy of the Group’s interests in the associate 39,952 36,669 (b) Aggregate of other associates 2019 2018 HK$’million HK$’million The Group’s share of: Profit for the year 1,016 1,262 Other comprehensive income/(expense) 252 (224) Total comprehensive income 1,268 1,038 Aggregate carrying amount of the Group’s interests in these associates 30,911 20,037